Russell McLernon & Stephen King

RexMLS – Disrupting Real Estate with a Decentralized MLS

One of the sectors which is ripe for disruption is the real estate industry. In the US for instance, a handful of historic and very powerful players operate what is known as MLS, or Multiple Listing Services, and hold unofficial monopolies on residential and commercial real estate listings. Brokers, who depend on these listing services to sell properties, agree that their incumbent positions have created a situation where fees have continued to rise, while little to no added value has been added for their users.

Stephen King and Russel McLernon join us to explain RexMLS, a decentralized Multiple Listing Service built on Ethereum and IPFS. Currently in beta, the DApp would allow brokers to list properties at a very low cost, and be accessible to international markets, something which is lacking in the current model.

Topics we discussed in this episode

The basics of MLS or Multiple Listing Services

What is RexMLS and the problems it is trying to address

The benefits of a decentralized MLS

The different technical components of RexMLS

Why they chose Ethereum and IPFS

The user experience of RexMLS

The product’s roll-out phases

How users are incentivized to participate in the system

The RexDex token exchange and the token injection model

RexMLS’s governance model

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Epicenter is a podcast about the technologies, projects & people driving decentralization and the global blockchain revolution. Every week, hosts Brian Fabian Crain, Sebastien Couture and Meher Roy find the most interesting people in the industry for in-depth discussions about their projects, ideas and stories. Epicenter is part of the Let's Talk Bitcoin Network.